Asian equity markets tack on after Wall Street

On Thursday, the stock indices of the Asia-Pacific region demonstrated positive dynamics after the active soar on Wall Street, while a minor dive was seen only in mainland China.

The MSCI Asia Pacific index went up by 0.5%.

The Japanese indicators Nikkei 225 as well as Topix jumped by respectively 0.9% and 0.6%. The leaders of surge were represented by chemical companies – their index rallied by 1.8%, while Shiseido Co managed to gain 5.6%.

The Australian S&P/ASX 200 soared by 0.5%.In April, Australia cut exports by approximately 2% compared with the previous month following a 1.7% jump in March. The dive occurred because of the decreased supply of iron ore as well as coal abroad. Simultaneously, the value of imports didn’t change, while in March, there was a 0.7% leap. In April, trade surplus of Australia was a bit less than anticipated.

The market value of the world's number one mining companies BHP Billiton as well as Rio Tinto edged up by respectively 2.1% and 3.3%.

As a matter of fact, the Chinese index of the Shanghai Composite went down by 0.01%. As for the Shenzhen Composite, it lost 0.3%, while the Hong Kong Hang Seng ascended by 0.6%.

In Shanghai, steel went up by 2.5% on Thursday, hitting a peak of 3 months - 3,869 Yuan. It became possible due to reports that China’s actually tightening environmental inspections in industrial enterprises. Besides this, inventories of steel in this Asian country keep diving.

As for the value of the South Korean index Kospi, it dived by 0.7%.

Moreover, the capitalization of one of the world's leading semiconductor producers Samsung Electronics Co. tumbled by 1.2%.

On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…